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Criticizing the Regulations

The recent attention on the online poker cheating scandals has raised some really big questions in the industry…the Washington Post this week was more than willing to put out a fresh view on the industry and the situation at hand. The five page Post article covered a whole lot of information; one part, though, of particular interest was the writer, Gaul’s, thoughts on the regulation of the online casinos and internet gambling sites in the US. Gaul is hugely critical of the current state of US regulations concerning the industry – the current lack of regulatory framework and legislation means that there is no checks and balances system in the industry and the internet gamblers themselves are falling victim to the unregulated environment.

Gaul examined the two online casino poker sites in question – both sites are owned and operated by Tokwiro Enterprises and basically operate outside of the US influence and power. Without clear legislation and regulations for the online casinos and poker companies, many companies choose to remain servicing the US market. The only problem with that though, is that the some of the companies remaining in the industry are of a lower quality than many of the popular online casinos operating for the European and international markets – the big names in the industry have pulled out of the market.

Now, there are certainly still great choices for US online casino and poker gamblers – there are several choice sites that are licensed out of a respectable jurisdiction and have completely transparent operations. Tokwiro though, and the two online poker sites it operates are less than transparent. Tokwiro is licensed by the Kahnawake Gaming Commission – a jurisdiction that, while licensing several popular gambling sites, is far from considered a highly secure and safe jurisdiction. Then add to that the fact that both of the sites involved in the scandal are operated out of a shopping center in Costa Rica, and you have a situation that is entirely outside of the US’s control.
 

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